"Jack's Trading Classroom" continues to discuss Ethereum bullish sentiment against USD.

Original trading classroom by Jack, "Continuation of ETHUSD: Ethereum Bullish Sentiment"

In continuation of the discussion on Ethereum bullish sentiment, in the previous article "ETHUSD Bullish Operation Method," we mentioned using trend lines to determine Ethereum's trend, combined with the symmetrical triangle pattern to choose the upper descending resistance trend line breakthrough, hence judging Ethereum's current bullish strength.

After the article was published, Ethereum has continued to consolidate without reaching our set target price. Today, we will use indicators to judge Ethereum's trend.



Currently, we see Ethereum's four-hour candlestick chart. In the chart, we can observe that Ethereum's EMA15 crossed above EMA50 before breaking through the bottom trend line, forming a typical bullish arrangement. When it formed a low at 312.50 on September 24, it stabilized on the EMA800 moving average support, and EMA50 is now approaching EMA200, about to form a golden cross. It can be judged that Ethereum's bullish sentiment has not eased, and until a top pattern is formed, it is more reasonable to operate on the bullish side.

Upper resistance levels
R1 385.40
R2 391.50

Lower support levels
S1 368.65
S2 352.50
S3 348.90
S4 337.55

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article is personal commentary, please read with caution, as cryptocurrency trading may pose risks to your capital.

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